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Post
Post balance sheet items are those items which arise after closing date of balance sheet that's why called post balance sheet items.
Yes it is necessary to post all journal entries otherwise no proper books of accounts will be maintained and no accurate financial information will be available.
The "Post Reference" or PR is used ona Ledger to lead you back to the original transaction by identifying the Journal and the page in the Journal. Example - GJ1 = General Journal, page 1. On a Journal the PR can be used to identify the account number used from the chart of accounts
Purchase journal only records and deals in with purchases and don't deal with sales items.
The Post-Journal was created in 1826.
Kansas City Journal-Post was created in 1954.
Kansas City Journal-Post ended in 1942.
The Post Office Electrical Engineers' Journal ended in 1982.
The Post Office Electrical Engineers' Journal was created in 1908.
Post
Post balance sheet items are those items which arise after closing date of balance sheet that's why called post balance sheet items.
Yes it is necessary to post all journal entries otherwise no proper books of accounts will be maintained and no accurate financial information will be available.
Journal entry is the basic transaction to record the business transaction and without journal entry no record can be maintained.
The "Post Reference" or PR is used ona Ledger to lead you back to the original transaction by identifying the Journal and the page in the Journal. Example - GJ1 = General Journal, page 1. On a Journal the PR can be used to identify the account number used from the chart of accounts
Purchase journal only records and deals in with purchases and don't deal with sales items.
You fill it out in a journal post.